ALAN L. BABITZ
Coconut Creek, FL 33066 email: email@example.com
Results driven senior financial management executive with solid background in healthcare, marketing and technology offering over 20 years of experience in building, leading and advising businesses through planning, strategy development, mergers and acquisitions, restructuring, and staff development. Demonstrated ability to streamline business operations that drive growth, increase efficiency, and bottom-line profit. Problem solver skilled at assessing situations and implementing new strategies while maintaining positive environment. Effective manager with a constructive and energetic style that achieves results personally, collaboratively, and through the motivation of others.
HEALTHCARE BUSINESS SOLUTIONS GROUP, LLC, Florida September 2016 – Present
Healthcare Business Solutions Group is a healthcare Consultancy specializing in revenue enhancement, reimbursement audits, financial operation reviews, and business valuations. Financial and operational expertise enables us the ability to provide strategic guidance to healthcare providers. Services are provided with professionalism, confidentiality, and innovation.
PEDIATRIC ASSOCIATES, Florida 2010 to July 2016
$140MM Primary Care Pediatric Practice – 31 Shareholders; 200 Physicians; 35 locations
Chief Financial Officer – Member of four-person Leadership Team
Key member of the Board of Directors, Finance Committee, Compensation, Governance, and Benefits Committees.
As part of these groups I was responsible for the following areas of practice improvement:
oPhysician compensation and retention plans.
oManaged care and commercial contract negotiations achieving revenue enhancement via Gainshare and Full Risk contracting.
oProfit enhancement through operational efficiencies.
Boosted Shareholder value and mean compensation by double digits each year.
Responsible for all aspects of acquisitions including; initial review; recommendations; valuations; and negotiations of all potential acquisitions.
oClosed four acquisitions in S. Florida area of operations, adding $4MM+ in Net Revenue.
oInstrumental in expansion into Tampa (3 offices), and Jacksonville (3 offices) all via acquisition.
Developed financial integration plan and negotiated external financing for the successful transition of acquired businesses.
Expanded S. Florida operations by opening four de novo offices; modeling financial requirements, and overseeing/managing initial operating results.
Established procedures in Billings and Collections department resulting in an average of less than 17 days outstanding on accounts receivable.
Supervision of centralized Purchasing Department responsible for ongoing vaccine inventory in excess of $4MM, and generates approximately $500K savings annually.
Direct supervision of IT and Business Analytics departments.
Personally compute and manage all shareholder distributions, corporate real estate holdings, shareholder capital funds, and oversight of annual financial audit.
CONSOLIDATED HEALTHCARE SERVICES California & Florida 2007 to 2010
$80MM Management Company of Diagnostic Imaging Services centers
Senior Vice-President, National MRI Division
Responsible for initial review; and due diligence of potential acquisitions.
Developed integration plan for the successful transition of acquired businesses.
Responsible for developing & implementing plans to build ground-up financial & operational infra-structure.
Develop key business relationships that drive volume; increase cash flow; and maximize profits.
Successfully managed turn-around of business to profitability within first 120 days.
ALAN L. BABITZ Page 2
OPEN MAGNETIC IMAGING, Inc. (OMI Medical Imaging), Weston, FL. 2003 to 2007
Largest ($30MM) independent MRI & CT network in South Florida
Chief Operating and Financial Officer
oDeveloped and negotiated strategic partnerships with key providers/insurers
resulting in 25% increase in Scan Volume.
oIncreased operational productivity by 20%. Responsible for proper controls,
administrative and reporting procedures, & systems in place to effectively manage 17 centers.
oSaved $1M by reviewing; revising; & renegotiating debt & key contracts as appropriate.
oSaved $1.5M by implementing changes in banking; business insurance; employee
benefits; RIS/PACS & phone systems.
oDesigned & implemented quarterly employee performance incentive plan,
INTERPUBLIC GROUP of COMPANIES: 1998 to 2003
MARKETING DRIVE WORLDWIDE, Wilton, CT. 2000 to 2003
$110 million revenue global marketing services company.
Chief Operating and Financial Officer
Managed 15 offices in 7 countries.
Through stringent management and financial reporting, increased margins by 35% to $20M.
Closed non-strategic, non performing units in the face of declining revenues, saving $5M &
maintaining overall margin performance of 19%.
Responsible for implementing best practices, along with systems and technologies that improve
services and reduce costs.
Successfully introduced digital execution component via a start up operation generating $4M.
TRUE NORTH DIVERSIFIED COMPANIES, New York, NY 1998 to 2000
$450 million revenue division of True North Communications.
Chief Financial Officer
Established global reporting guidelines for the 28 operating units of TNDC.
Responsible for all budgeting, financial planning, cash management, controls, and capital requirements.
Negotiated and presented to BOD for approval of 7 acquisitions – closing on 6 of them.
Above acquisitions accounted for revenue growth of 30%, and 23% margin growth.
Responsible for consolidating real estate holdings worldwide saving $8MM.
Support CEO of division and key managers in execution of strategic goals.
Upgraded quality of financial professionals at operating units by hiring high caliber individuals
and monitoring their growth.
INDEPENDENT MEDIA SERVICES, Inc., New York, NY 1995 to 1998
$100 million billing media buying service.
Chief Financial Officer / General Manager
Established banking relationships and external capital sources in order to support growth objectives.
Established cash management policies resulting in tripling investment income generated from operations.
Reviewed, revised & implemented cost control policies resulting in double digit margin growth.
Selected & supervised implementation of technology systems leading to increased productivity,
plus more informative and timely financial reporting.
Responsible for taxes and conduct of annual audit.
Education: Brooklyn College – Accounting
References available upon request